Asian markets slid, with the KOSPI slumping over 6%, due to a selloff in US chipmakers impacting sentiment and comments on inflation shaping rate hike expectations.

Asia

Who

Kevin Warsh

What

When

Thu, 02 Jul 2026 01:13:01 GMT · 1h 44m ago

Where

Asia ·

Why

A selloff in US chipmakers and comments on inflation by Kevin Warsh impacted market sentiment and shaped expectations for US interest rate hikes.

The Frontline Impact

How this affects you

Asian markets experienced a significant downturn, with the KOSPI index falling over 6%. This decline was driven by negative sentiment stemming from a selloff in US chipmaker stocks and concerns over inflation influencing potential interest rate decisions.

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